Zillow Research

Notable Numbers From May 2018

12.3 million

Number of 24- to 36-year-olds who live with their mothers — 22.5 percent of that age group, up from 13.5 percent in 2005. See the connection to rents.


50.9%

Share of homes in Ocean City, N.J., that are vacation homes. Check out 11 more places that are vacation-home-heavy.


12 years

How long it’s been since home values grew this quickly. The U.S. median rose 8.7 percent in April to $215,600. Check out values in the country’s largest metros.


2020

When experts largely expect the next recession to begin, according to the Zillow Home Price Expectations Survey.


9.1 percent

The share of U.S. homeowners who owe more on their mortgages than their homes are worth. That’s down from 31 percent in late 2011 and early 2012, and the first time it’s fallen below 10 percent since the bottom of the market. See which markets have the greatest and least share of underwater homes.


7 percent

How much more a borrower with a “fair” credit score could pay over the life of a 30-year mortgage for the same home as an otherwise identical borrower with an “excellent” score. What does that add up to?


2nd

Where financial considerations rank as a motivation in deciding to buy a home. While 36 percent of survey respondents cited financial considerations, 39 percent said family needs such as rooms and a yard are the most important factor. See where neighborhood amenities and proximity to work or family rank.


1.96 years

How long it takes for owning a typical U.S. home to make more financial sense than renting an identical home. That buy-rent breakeven varies a lot by market.

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